Richard & Scarlett Chang
Richard & Scarlett Chang is a private foundation, based in Allen, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $77K. Net investment income was $104K.
Richard & Scarlett Chang at a glance
In short: Richard & Scarlett Chang gave $77K across 4 grants in 2024 (avg $19K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $77,000
- +10.0% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $19,250
- -45.0% vs 2023
- Median grant
- $19,000
- Total assets
- $1,344,511
- +7.9% vs 2023
- Primary geography
- Texas (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Richard & Scarlett Chang funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Chinese Christian Fellowship International ($35K). Together the top 4 received $77K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Richard & Scarlett Chang gives
- Giving held roughly steady from 2021 to 2024 (+7%). Method
- In 2024 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $65K (2020) to $77K (2024). In 2024 it made 4 grants totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chinese Christian Fellowship International Plano, TX | General Operating Fund | $35,000 |
| Christian Renewal Ministries Milltown, NJ | General Operating Fund | $30,000 |
| Collin County Chinese Fellowship Church Plano, TX | General Operating Fund | $8,000 |
| Little Shepherd Foundation Richardson, TX | General Operating Fund | $4,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,344,511 | $186,402 | $87,724 | $77,000 | 4 | $77,000 | $104,137 | $70,804 |
| 2023 | $1,246,078 | $61,436 | $78,149 | $70,000 | 2 | $70,000 | $55,644 | $62,184 |
| 2022 | $1,262,546 | $102,103 | $73,718 | $65,000 | 2 | $65,000 | $52,103 | $61,827 |
| 2021 | $1,234,161 | $132,757 | $81,684 | $72,000 | 2 | $72,000 | $82,757 | $65,717 |
| 2020 | $1,183,088 | $34,935 | $72,427 | $65,000 | 2 | — | $29,566 | $57,616 |
Under IRS private-foundation payout rules, Richard & Scarlett Chang reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard & Scarlett Chang is led by Richard Chang, Chairman on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard Chang
Chairman
On filings since 2020
1 hr/week
No compensation reported
Eric C. Ko
Secretary
On filings since 2020
1 hr/week
No compensation reported
Scarlett Chang
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Richard & Scarlett Chang
How much does Richard & Scarlett Chang give each year?
Richard & Scarlett Chang gave $77K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $70K across 2 grants.
What is Richard & Scarlett Chang's typical grant size?
Richard & Scarlett Chang's median grant in 2024 was $19,000, and its average grant was $19,250, across 4 grants on its 2024 IRS Form 990-PF.
Where does Richard & Scarlett Chang give grants?
Richard & Scarlett Chang gives mostly in Texas: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (39%). The most frequent recipient cities were Plano, TX (2 grants).
Does Richard & Scarlett Chang give general operating support?
Yes: 100% of Richard & Scarlett Chang's 2024 grants with a stated purpose (4 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Richard & Scarlett Chang?
Richard & Scarlett Chang reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $77K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
What is Richard & Scarlett Chang's EIN?
Richard & Scarlett Chang's EIN (Employer Identification Number) is 04-3657039. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Richard & Scarlett Chang funds
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